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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (53132)	6/6/2000 12:01:00 AM
From: American Spirit	Read Replies (1) of 99985

I am hardly alone being long QCOM at $67. I like great stocks which have come down all the way. That's when I like to buy them. Don't always catch the bottom but so far the 60's is the bottom for QCOM. If that holds true then this is the right time to buy. Flipped it twice in the past few weeks for ten points each time. Pretty confident I can do it again. Or maybe I'll hold for a higher level sell. That will depend on news and perceptions. Yes there are a lot of great tech stocks, but most of the best ones look too pricey for my taste. Despite it's high PE QCOM merits the valuation. There was a reason it was driven up to 200 besides sheer crazed momentum, you know. A very good reason.

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